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Sarah Patel's Avatar
published in Blogs
Dec 29, 2021

Starboard Value has an $800 million stake in GoDaddy (GDDY, $83.03)

Activist investor Starboard Value LP disclosed an $800 million stake in web services group GoDaddy.

Starboard revealed this investment in a Securities and Exchange Commission filing. 6.5% stake was made in part because shares in the group were "undervalued" and therefore were an attractive investment opportunity.

GoDaddy reported  fourth quarter earnings of 58 cents per share last month, beating analysts’ expectations. The company’s revenue rose +14.2% year-over-year to more than $960 million.

For the current fiscal year, GoDaddy expects overall revenues of around $3.765 billion

Related Ticker: GDDY

Momentum Indicator for GDDY turns positive, indicating new upward trend

GDDY saw its Momentum Indicator move above the 0 level on May 17, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 94 similar instances where the indicator turned positive. In of the 94 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GDDY's RSI Oscillator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GDDY just turned positive on May 17, 2023. Looking at past instances where GDDY's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GDDY advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .

GDDY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where GDDY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

GDDY moved below its 50-day moving average on May 02, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for GDDY crossed bearishly below the 50-day moving average on May 04, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The 50-day moving average for GDDY moved below the 200-day moving average on April 25, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GDDY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for GDDY entered a downward trend on May 16, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GDDY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GDDY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (163.934) is normal, around the industry mean (31.306). P/E Ratio (34.843) is within average values for comparable stocks, (168.128). Projected Growth (PEG Ratio) (1.861) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (2.789) is also within normal values, averaging (70.523).

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), Activision Blizzard (NASDAQ:ATVI).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 7.73B. The market cap for tickers in the group ranges from 291 to 2.48T. MSFT holds the highest valuation in this group at 2.48T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 0%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was 25%. LAAB experienced the highest price growth at 140%, while RAYT experienced the biggest fall at -75%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 12%. For the same stocks of the Industry, the average monthly volume growth was 38% and the average quarterly volume growth was 3%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 71
Price Growth Rating: 53
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 14 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of domain name registration and web hosting services

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Internet Software Or Services
Address
2155 E. GoDaddy Way
Phone
+1 480 505-8800
Employees
6910
Web
https://www.godaddy.com
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GDDY and

Correlation & Price change

A.I.dvisor indicates that over the last year, GDDY has been closely correlated with CDAY. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if GDDY jumps, then CDAY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GDDY
1D Price
Change %
GDDY100%
+0.06%
CDAY - GDDY
72%
Closely correlated
-1.28%
PAYC - GDDY
72%
Closely correlated
-0.40%
TEAM - GDDY
71%
Closely correlated
+1.63%
VRSN - GDDY
70%
Closely correlated
-0.50%
INTU - GDDY
70%
Closely correlated
-2.95%
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